Expenses - FreshBooks Blog https://www.freshbooks.com/blog Information and inspiration on how to start a business, grow your business, tax tips, freelancing & more from FreshBooks! Sat, 13 Aug 2022 00:02:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 Switch to FreshBooks in May to Track Business Expenses the Easy Way https://www.freshbooks.com/blog/switch-to-track-business-expenses https://www.freshbooks.com/blog/switch-to-track-business-expenses#respond Mon, 16 May 2022 19:24:13 +0000 https://www.freshbooks.com/blog/?p=73482 Unless you filed an extension (which is a great idea by the way), tax season might feel like it was months ago…wait, it was right? Now that it is, it’s time to start thinking about getting ready and staying ready for next year. Whether you had things in order or not, it’s never too early […]

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]]> https://www.freshbooks.com/blog/switch-to-track-business-expenses/feed 0 How to Claim Mileage on Taxes in the U.S. https://www.freshbooks.com/blog/claim-mileage-on-taxes https://www.freshbooks.com/blog/claim-mileage-on-taxes#respond Sat, 03 Apr 2021 13:00:07 +0000 https://www.freshbooks.com/blog/?p=61174 It’s essential to understand what types of driving the Internal Revenue Service (IRS) allow employees and the self-employed to deduct on their tax returns. We’ve compiled the mileage deduction guide below to help you make sure you’re writing off mileage in accordance with the latest IRS rules. Track Your Business Mileage To claim mileage deductions […]

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]]> https://www.freshbooks.com/blog/claim-mileage-on-taxes/feed 0 2022 Black Friday Deals for Busy Small Business Owners https://www.freshbooks.com/blog/black-friday-deals-for-busy-small-business-owners https://www.freshbooks.com/blog/black-friday-deals-for-busy-small-business-owners#comments Mon, 23 Nov 2020 15:00:26 +0000 https://www.freshbooks.com/?p=20559 Have you been planning to invest in your business but just couldn’t come to terms with paying the full price (especially in this economy)? I know where you’re coming from. And if you can wait, it’s definitely worth holding out for Black Friday/Cyber Monday. For small business owners, the Thanksgiving shopping season is a perfect […]

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]]> https://www.freshbooks.com/blog/black-friday-deals-for-busy-small-business-owners/feed 1 Your Complete Guide to Reimbursable Expenses https://www.freshbooks.com/blog/best-practices-for-collecting-reimbursable-expenses-from-clients https://www.freshbooks.com/blog/best-practices-for-collecting-reimbursable-expenses-from-clients#comments Wed, 08 Jul 2020 13:57:31 +0000 https://www.freshbooks.com/?p=17644 As a small business owner or freelancer, it’s not uncommon to incur expenses on your clients’ behalf when working on projects. These are known as reimbursable expenses, and it’s perfectly acceptable to bill your clients for them. The key, though, is to ensure your invoices don’t come as a surprise to your client. Otherwise, you […]

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]]> https://www.freshbooks.com/blog/best-practices-for-collecting-reimbursable-expenses-from-clients/feed 1 Your Complete Guide to U.S. Tax Write-Offs for Small Business Owners https://www.freshbooks.com/blog/taxes-writeoffs-for-freelancers https://www.freshbooks.com/blog/taxes-writeoffs-for-freelancers#comments Fri, 07 Feb 2020 13:30:31 +0000 https://www.freshbooks.com/?p=11126 As a business owner, you’re entitled to certain tax write-offs or tax deductions that reduce your taxable income and overall tax owed when filing your tax return. Unfortunately, the rules for tax deductions can be complicated and change often. So, knowing what expenses you can deduct can be tricky. For example, the Tax Cuts and […]

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]]> https://www.freshbooks.com/blog/taxes-writeoffs-for-freelancers/feed 6 4 Reasons You Should Track Your Business Expenses Daily https://www.freshbooks.com/blog/track-business-expenses https://www.freshbooks.com/blog/track-business-expenses#respond Fri, 20 Sep 2019 13:00:10 +0000 https://www.freshbooks.com/blog/?p=58116 If you’re like most business owners, you don’t wake up in the morning saying, “I’m excited because I’m going to track my expenses.” And that’s fine, as a business owner myself I feel the same way. In fact, I often delay tracking my business expenses but come tax season find myself running around like a […]

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]]> https://www.freshbooks.com/blog/track-business-expenses/feed 0 Maximize Your Mileage Deductions Automatically https://www.freshbooks.com/blog/everlance-mileage-deductions https://www.freshbooks.com/blog/everlance-mileage-deductions#respond Wed, 10 Oct 2018 13:00:47 +0000 https://www.freshbooks.com/blog/?p=60442 It’s no secret that tracking your business mileage can save you thousands at tax time. In fact, for freelancers who drive for business, mileage is often their single biggest deduction. Fortunately, gone are the days of having to track mileage by hand. Or worse yet: Not tracking and then guesstimating on your taxes—a big IRS […]

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]]> https://www.freshbooks.com/blog/everlance-mileage-deductions/feed 0 Should You Lease or Buy Equipment for Your Business? https://www.freshbooks.com/blog/lease-or-buy https://www.freshbooks.com/blog/lease-or-buy#respond Tue, 17 Jul 2018 13:00:06 +0000 https://www.freshbooks.com/blog/?p=59788 It doesn’t matter what line of work you’re in or even whether you’re a new or growing business, equipment is crucial for business success. Sure, some businesses will have more substantial equipment needs than others (think of a writer who just needs a laptop vs. a photographer or videographer who has more complex equipment needs). […]

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]]> https://www.freshbooks.com/blog/lease-or-buy/feed 0 5 Ways Cloud Accounting Software Simplifies Your Workday https://www.freshbooks.com/blog/cloud-accounting-software-simplifies-workday https://www.freshbooks.com/blog/cloud-accounting-software-simplifies-workday#respond Sun, 10 Jun 2018 13:00:14 +0000 https://www.freshbooks.com/blog/?p=57629 Before the “cloud” became a thing, accounting records were stored on a desktop, and managing day-to-day bookkeeping required someone to be in the office recording transactions, paying bills, and invoicing clients. Often, bookkeeping tasks were postponed until the end of the week, month, or even the end of the year. This was because business owners […]

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]]> https://www.freshbooks.com/blog/cloud-accounting-software-simplifies-workday/feed 0 Home-Based U.S. Business Owners: 10 Tips to Ensure a Smooth Tax Season https://www.freshbooks.com/blog/home-based-business-tax-tips https://www.freshbooks.com/blog/home-based-business-tax-tips#comments Tue, 06 Mar 2018 13:15:06 +0000 https://www.freshbooks.com/?p=25461 When you file taxes as a solo business owner, things are more complicated than those days when you may have received a tax form (W2 in the U.S.) from a single employer. However, flying solo, you’ve also got plenty of opportunities to trim your tax bill. With that in mind, we outline tax time tips […]

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